Navigation Links
Shengtai Pharmaceutical, Inc. Reports Record 2007 Annual Results
Date:9/28/2007

ornstarch to customers.

Selling, general and administrative expenses for the year ended June 30, 2007 was $4.7 million, an increase of $0.8 million, or 22% compared with the corresponding period in 2006. The increase in selling, general and administrative expenses was the result of the expansion of the Company's domestic sales network, higher worker insurance requirements and environmental related expenditures.

The Company achieved higher operating leverage for the year. Operating income in fiscal year 2007 increased 62.1% to $7.5 million from $4.6 million in prior year. Operating margin during fiscal 2007 was 14.5% in 2006, up from 12.9% a year ago.

Net income for the year ended June 30, 2007 was $7.1 million, an increase of $2.9, or 69.8% compared with 2006. The increase in net income was due to higher production levels, sales volumes, as well as a net gain of approximately $1.3 million derived from both the gain of surrendering its land use rights for property in downtown Changle to the local government and the loss of fixed assets' early retirement. Diluted weighted average earnings per share were $0.62 for fiscal year of 2007, which compared to $0.42 in fiscal year of 2006.

Financial Condition

As of June 30, 2007, Shengtai Pharmaceutical had cash and restricted cash of $12.0 million and working capital of $(7.2) million. In fiscal 2007, the Company generated $5.1 million in cash flow from operations. At June 30, 2007, the Company had $42.1 million in total debt, and $31.6 million of shareholders' equity.

Business Outlook

Shengtai Pharmaceutical's market share in the PRC for pharmaceutical grade glucose products, especially dextrose monohydrate, has increased. Dextrose monohydrate is widely used for restorative and nutritional purposes, as well as for transfusions and intravenous drips. The company's newly established cornstarch production facility with annual capacity to produce 240,000 tons is close to the existing glu
'/>"/>

SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related medicine news :

1. Autopsy reports could be valuable and informative
2. China reports declining number of SARS Cases
3. Russia Reports First SARS Case
4. Research reports that c-section deliveries are rising
5. Jharkhand reports 13,000 Malaria cases
6. Uganda Reports Failure To Contain Sleeping Sickness
7. WHO reports 36 million deaths world wide due to chronic diseases
8. Reports of Hantavirus infection in India raise concerns
9. Controversy Surrounding The HIV Positive Reports Of One-Year Girl In Kerala
10. China Reports Yet Another Bird Flu Case
11. China reports seventh bird flu victim
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/15/2014)... September 15, 2014 The new North ... Sept. 15 near Raintree Dr. and Loop 101, after ... Lane and dignitaries from the healthcare community on Friday, ... seven operating rooms, four gastro-intestinal procedure rooms, and a ... it the largest surgery center in the state of ...
(Date:9/15/2014)... New York (PRWEB) September 15, 2014 ... Bard, Inc. continue to move forward in the federal ... District of West Virginia, Bernstein Liebhard LLP reports. According ... a Final Order on September 10th that provides for ... Order notes that none of the affected plaintiffs has ...
(Date:9/15/2014)... one out of every 40 individuals in the United States ... atrophy (SMA), a neurodegenerative disease that causes muscles to weaken ... made a recent breakthrough with the development of a new ... the disease. In April, a patent was filed for the ... is using to fight SMA is to ,repress the repressor," ...
(Date:9/15/2014)... This year, Avenidas Village ... To mark the special occasion, Avenidas Village would like ... and helping it to get started seven years ago. ... community for seniors. Members of Avenidas Village maintain their ... their own homes. They are able to have an ...
(Date:9/15/2014)... Sept. 15, 2014 (HealthDay News) -- Births of multiple ... and death than singleton births, researchers report. The ... in vitro fertilization (IVF) could ease some of that ... have increased in tandem with births to older mothers ... from the University of New South Wales, Australia. ...
Breaking Medicine News(10 mins):Health News:New North Valley Surgery Center Is Arizona’s Largest Outpatient Facility 2Health News:New North Valley Surgery Center Is Arizona’s Largest Outpatient Facility 3Health News:New North Valley Surgery Center Is Arizona’s Largest Outpatient Facility 4Health News:C.R. Bard Transvaginal Mesh Lawsuits Move Forward, With Issuance of New Order in Federal Multidistrict Litigation, Bernstein Liebhard LLP Reports 2Health News:C.R. Bard Transvaginal Mesh Lawsuits Move Forward, With Issuance of New Order in Federal Multidistrict Litigation, Bernstein Liebhard LLP Reports 3Health News:Researcher develops and proves effectiveness of new drug for spinal muscular atrophy 2Health News:Avenidas Village Celebrates Anniversary 2Health News:Study Ties Multiple Births to Higher Costs, Complications 2Health News:Study Ties Multiple Births to Higher Costs, Complications 3
... are using the sun to power an autoclave that sterilizes ... developing countries. The student,s used Capteur Soleil, a ... capture the energy of the sun in places where electricity ... get. In attaching an insulated box containing the autoclave, the ...
... 2011 The National Academy of Sciences today elected ... UT Southwestern Medical Center, to membership, representing one of ... With Dr. Parada,s election, UT Southwestern now has 19 ... than all other academic medical centers in Texas combined. ...
... Amanda Gardner HealthDay Reporter , TUESDAY, May 3 ... prior to deployment or who,ve been injured during combat are ... return home. The PTSD tends to be worse with ... issue of the Archives of General Psychiatry . ...
... screening rates increased for Medicare beneficiaries when coverage ... still exist, according to researchers at The University ... "Despite the expansion of Medicare coverage for ... groups we examined," said Arica White, Ph.D., M.P.H., ...
... Researchers from Boston University School of Medicine and Boston Medical ... 1,000, or 100 per 100,000, could reduce hospital readmission costs ... Patient Protection and Affordable Care Act (ACA) target. These findings ... a primary care think tank. Growth of family physicians ...
... anticipated to bring more extreme weather phenomena such as heat ... An analysis led by researchers at the Johns Hopkins Bloomberg ... could experience between 166 and 2,217 excess deaths per year ... for the final decades of the 21st century. The study ...
Cached Medicine News:Health News:Rice U. parlays sun's saving grace into autoclave 2Health News:UT Southwestern's Luis Parada elected to National Academy of Sciences 2Health News:UT Southwestern's Luis Parada elected to National Academy of Sciences 3Health News:Military Personnel With Mental Woes Before Deployment at Higher PTSD Risk 2Health News:Colorectal cancer screening rates on rise among Medicare beneficiaries due to expansion of coverage 2Health News:Researchers find increasing the number of family physicians reduces hospital readmissions 2Health News:Climate change analysis predicts increased fatalities from heat waves 2
(Date:9/15/2014)... Sept. 15, 2014 /CNW/ - Health Minister Rona Ambrose ... make available for donation over $2.5 million in personal protective ... in the global response to the Ebola outbreak in ... reported a shortage of equipment in the affected countries and ... front-line workers in the affected countries. Personal ...
(Date:9/15/2014)... FRANCISCO , Sept. 15, 2014 ... studies presented at the American Society for Radiation ... its Decipher® Prostate Cancer Classifier, a genomic test ... influence treatment decisions and improve patient outcomes for ... These presentations follow a recently published study that ...
(Date:9/15/2014)... , Sept. 15, 2014  Alere Inc. (NYSE: ... in infectious disease, toxicology, cardiology and diabetes products and ... led by former CEO Ron Zwanziger , filed ... and subsequently sent a letter to Gregg J. ... of due diligence in an effort to secure financing ...
Breaking Medicine Technology:Canada offers essential protective equipment to help stop the spread of Ebola in West Africa 2Canada offers essential protective equipment to help stop the spread of Ebola in West Africa 3Two New Studies Show Decipher Genomic Prostate Cancer Test Charts Best Course of Treatment and Influences Patient Outcomes 2Two New Studies Show Decipher Genomic Prostate Cancer Test Charts Best Course of Treatment and Influences Patient Outcomes 3Alere Responds To Letter From Former Executives 2
... The Equalizer With 384 Well Plate Capability ... revolutionary features of the original Equalizerexpandable and equal ... components, and in-lab calibration capabilities. In addition, this ... down to 4.5mm for loading and accessing many ...
... Exp Expandable Tip System A ... System allows you to perform multi-sample transfers between ... pull of a knob, tip spacing can be ... microcentrifuge tubes) or 96 well plates. Ergonomic ...
... Quickly transfer samples from 96-well ... gels. Accurately deliver 0.5-5 μl. ... in six minutes or less. ... 377 and other gels with ...
... Expandable, Multichannel Pipettor The Equalizer ... productivity with an industry breakthroughequal tip spacings ... a slide rod. This innovation allows the ... vessels with different configurations. Adjustable and ...
Medicine Products: